Tired of chasing growth that never arrives, or being negatively geared and costing you $,000’s each year to hold on? Meet the investment that actually pays you while you sleep (or while you ignore it).
This 30sqm furnished studio in the purpose-built 2010 UniGardens complex sits right in the Belconnen Town Centre where students live, shop, study, and happily hand over $380+ per week to be in a like-minded community.
High occupancy is basically baked in, UniGardens management are on site, in direct comms with the Uni’s and offer 6 monthly tenancies to coincide with Uni Semesters if you wish to engage them for management.
Why this makes sense (figures approx):
• Rent return: $390pw until 25/1/2027
• IT Levy: $10pw (supply and manage internet)
• Rates: $1,472pa
• Land tax: $1,779pa
• Icon Water and Sewerage connection: $804pa
• Strata: $2,263pa (includes building insurance, sinking fund & water consumption)
• Mortgage repayment: $221pw = $11,492pa (based on 80% LVR at $151,200, 6.5% comparison rate P&I investor loan over 30 years)
• Gross income: at $390pw: $20,280pa
• Gross expenses: $18,330pa (excluding management fees depending on self-manage/have a child student occupy, engage a property manager or UniGardens management etc)
Student and Goggle Maps approved:
• Shared gym, games room, study space, laundry, and prayer room
• Lift, intercom, swipe card entry, gated basement parking + bike storage
• 900m to Belconnen Markets
• 1km to Lighthouse Pub, fast food, cafes and restaurants on Lake Ginninderra.
• 1.2km to Westfield
• 6min bike ride to University of Canberra
• Bus stops directly out the front – University of Canberra, CIT Bruce, AIS, ANU/City in minutes
Affordable entry. Strong yield. Exactly what a high-cashflow play should look like.
The requirements:
• Buyers need minimum 20% deposit $37,800 as the size is under the minimum 40sqm for 10% deposit)
• Must be student-occupied (anyone enrolled in short or long-term further education at the time of tenancy application).